People's Pilot, Volume 3, Number 13, Rensselaer, Jasper County, 15 September 1893 — The Silver Stock. [ARTICLE]

The Silver Stock.

.inquiry at the treasury department elicits the information that the government has now on hand about 180,000,000 ounces of fine silver, costing 8118,000,000. The coining value of bullion on hand is about 8197,000,000. If this were coined the government would realize a profit of about 848,000,000 against which silver certificates could be issued. It would take, however, it is stated, with the present coinage capacity of the United States mints, about five years to convert the bullion into silver dollars. Silver certificates by law could only be issued on the profits as coined. —Exchange.